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Meeting Date: October 13, 2015, REQUEST FOR ACTION ROGERS CITY COUNCIL Agenda Item: No. 5.05 Subject: ChipEnabled Card Readers MV Technology Prepared By: Approved By: Bridget Brush, Assistant Finance
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How to fill out chip-enabled card readers EMV:

01
Make sure the card reader is connected to a power source and turned on.
02
Insert the chip-enabled card into the designated slot on the reader with the chip facing up.
03
Follow the on-screen prompts and instructions provided by the card reader to complete the transaction.
04
If required, enter additional information such as the cardholder's PIN or billing zip code.
05
Wait for the transaction to process and for any necessary receipts or confirmation messages to be displayed.
06
Remove the card from the reader once the transaction is completed.

Who needs chip-enabled card readers EMV:

01
Merchants and businesses: Chip-enabled card readers are necessary for merchants and businesses that accept credit and debit card payments. They are required to comply with EMV standards to ensure secure transactions and reduce the risk of fraud.
02
Cardholders: Chip-enabled card readers offer increased security for cardholders by generating a unique code for each transaction, making it harder for fraudsters to replicate their card information.
03
Financial institutions: Chip-enabled card readers are important for financial institutions as they help reduce the liability for fraudulent transactions. When a cardholder uses a chip-enabled card, the liability for certain types of fraud can shift from the issuing financial institution to the merchant if they are not using chip-enabled card readers.
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Chip-enabled card readers EMV stands for Europay, Mastercard, and Visa. These are payment terminals that are equipped to process chip-enabled credit and debit cards for secure transactions.
Merchants and businesses that accept credit and debit card payments are required to have chip-enabled card readers EMV.
To fill out chip-enabled card readers EMV, merchants need to ensure their terminals are updated with the necessary software and hardware to process chip-enabled cards.
The purpose of chip-enabled card readers EMV is to enhance security and reduce fraud by generating a unique code for each transaction.
Merchants must report transaction data, including the card number, amount, date and time of transaction, and verification code.
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